Aegon to Form New International Unit From Jan. 1, 2020

Date : 09/23/2019 @ 7:46AM
Source : Dow Jones News
Stock : Aegon N V (AGN)
Quote : 2.09  -0.194 (-8.49%) @ 4:40PM
Aegon N V share price Chart

Aegon to Form New International Unit From Jan. 1, 2020

Aegon N V (EU:AGN)
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   By Ian Walker 
 

Dutch insurance company Aegon NV (AGN.AE) said Monday that it plans to merge its Southern and Eastern Europe and Asia businesses under Aegon International as part of a move to accelerate growth and to further leverage cross-border synergies.

Aegon said the new business will be established from Jan. 1, 2020 and will be led by Marco Keim, who is currently heading Aegon's activities in continental Europe.

The company said that Maarten Edixhoven--CEO of Aegon the Netherlands--will report directly to Aegon CEO Alex Wynaendts and will be appointed to the management board, subject to regulatory approval.

"All units within the Asian and Southern and Eastern European regions are positioned in the Drive for Growth and Scale up for the Future categories," the company said.

 

Write to Ian Walker at ian.walker@wsj.com

 

(END) Dow Jones Newswires

September 23, 2019 02:31 ET (06:31 GMT)

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